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Regulator would oversee 25 biggest banks and report to the ECB.
JPMorgan, BlackRock shut European funds to new investments after ECB rate cut.
Bank stops accepting new investors and money in five funds after the ECBs rate cut.
Some manufacturing jobs may be returning to U.S., but not a lot.
SEC vote on shifting to global standards may not occur until next year.
Libor rigging occurs as Europe sets up bank regulator, which could disadvantage U.K.